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File #:
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25-1425A
Version:
1
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Name:
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Type:
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BRIEFING MEMOS
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Status:
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Agenda Ready
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On agenda:
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5/5/2025
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Final action:
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Title:
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Upcoming Agenda Item: Authorize an economic development incentive agreement and all other necessary documents with Palladium Buckner Station, Ltd. and/or its affiliates ("Developer") to include: (1) a Chapter 380 Economic Development Grant in an amount not to exceed $8,316,907.16 ("Grant") and (2) a Chapter 380 Economic Development Loan in an amount not to exceed $6,183,092.84 ("Loan"), in consideration of the Palladium Buckner Station Project, a mixed-income and transit-oriented development project proposed on real property currently addressed as 8008 Elam Road, in accordance with the Economic Development Incentive Policy - Total not to exceed $14,500,000.00 - Financing: Economic and Southern Area Transit-Oriented Development Funds (2006 General Obligation Bond Fund) ($1,583,815.53), ECO (I) Fund (2017 General Obligation Bond Fund) ($1,738,275.42), Economic Development (G) Fund (2024 General Obligation Bond Fund) ($4,994,816.21), and Public/Private Partnership Fund ($6,183,092.84) (...
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Attachments:
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1. Memorandum
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title
Upcoming Agenda Item: Authorize an economic development incentive agreement and all other necessary documents with Palladium Buckner Station, Ltd. and/or its affiliates (“Developer”) to include: (1) a Chapter 380 Economic Development Grant in an amount not to exceed $8,316,907.16 (“Grant”) and (2) a Chapter 380 Economic Development Loan in an amount not to exceed $6,183,092.84 (“Loan”), in consideration of the Palladium Buckner Station Project, a mixed-income and transit-oriented development project proposed on real property currently addressed as 8008 Elam Road, in accordance with the Economic Development Incentive Policy - Total not to exceed $14,500,000.00 - Financing: Economic and Southern Area Transit-Oriented Development Funds (2006 General Obligation Bond Fund) ($1,583,815.53), ECO (I) Fund (2017 General Obligation Bond Fund) ($1,738,275.42), Economic Development (G) Fund (2024 General Obligation Bond Fund) ($4,994,816.21), and Public/Private Partnership Fund ($6,183,092.84) (subject to current and annual appropriations) [Kevin Spath, Director (I) Office of Economic Development]
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